Destkelamedia

The Nigerian government has introduced stringent identification requirements for those looking to invest in its newly issued $500 million domestic dollar bond. According to a document released by the Debt Management Office (DMO), potential investors must provide both a Bank Verification Number (BVN) and a National Identification Number (NIN) to participate. This bond, which is a part of a broader $2 billion financial program, is accessible to a variety of investors, including Nigerians living in the country, those residing abroad with foreign currency savings, and foreign institutional investors. Importantly, the bond can only be purchased through electronic transfers, as cash payments are strictly prohibited. For Nigerian citizens abroad who do not already possess a BVN or NIN, the document specifies that they must apply for these identifiers before subscribing to the bond. Additionally, for those intending to use funds from their domiciliary accounts, these funds must hav

In a recent development within the People's Democratic Party (PDP), tensions have escalated as the party grapples with internal conflicts centered around the Rivers State Governor, Siminalayi Fubara. The acting National Chairman of the PDP, Umaru Damagum, and Minister of the Federal Capital Territory, Nyesom Wike, have come under fire from elder statesman Chief Edwin Clark, who accused them of undermining the party's stability. Reports indicate that at least 12 members of the PDP's National Working Committee (NWC), including Damagum, are allegedly aligned with Wike in efforts to unseat Governor Fubara. This has led to a significant division within the NWC, with a minority group opposing these moves. The split has exacerbated an already volatile situation in Rivers State, where a power struggle between Wike and Fubara has nearly paralyzed governance. The conflict has extended to the Rivers State House of Assembly, which is now divided into two factions—one loyal to Wike and

Mushrooms are a diverse group of fungi that have been consumed for centuries, not just for their unique flavors but also for their numerous health benefits. As a key component of many diets, mushrooms offer a wide range of superfoods benefits, making them an excellent addition to any wellness routine.  Types of Mushrooms and Their Unique Benefits There are several types of mushrooms, each offering distinct health advantages. Here’s a look at some of the most popular varieties: - Button Mushrooms: The most common type found in grocery stores, button mushrooms are low in calories and high in antioxidants. They are particularly beneficial for immune-boosting foods, supporting the body's defenses against common illnesses. - Shiitake Mushrooms: Known for their rich, smoky flavor, shiitake mushrooms are often used in Asian cuisine. They contain compounds that support heart health and reduce inflammation, making them ideal for those following healthy eating habits.

The British Army has officially commenced its recruitment drive, targeting Nigerians and other Commonwealth citizens to join its ranks. This initiative, which highlights the crucial contributions of Commonwealth soldiers, is now open for applications in various roles, including musicians, engineers, technicians, tradesmen, and paratroopers. The recruitment window runs from August 19 to August 26, 2024, providing a limited timeframe for interested candidates to apply. Notably, applications are required to be connected to the Recruit Bounty Referral Scheme—a program that incentivizes existing British Army members to refer new recruits—except for those applying for the musician positions. Candidates must undergo a series of physical fitness assessments, such as the multistage fitness test (beep test), seated ball throw, and mid-thigh pull. The British Army also emphasizes the importance of quitting smoking and maintaining a balanced diet to meet the rigorous fitness standards.

  Federal Capital Territory (FCT) Minister, Nyesom Wike, has made it clear that there will be no reconciliation with Rivers State Governor, Sim Fubara, despite ongoing tensions between the two political figures. Wike, speaking during a media briefing to mark his one year in office, emphasized his commitment to fulfilling President Bola Tinubu's mandate, distancing himself from any efforts to resolve the rift with Fubara. The conflict between Wike and Fubara has been ongoing since Fubara assumed the governorship, leading to significant divisions within the Rivers State House of Assembly and creating factions that have only deepened the crisis. Despite intervention attempts by President Tinubu and other key political figures, the situation remains unresolved. Wike expressed his disappointment, stating that he had supported Fubara's rise to power without any regrets, but now feels betrayed by the governor’s stance. Drawing a parallel to former Minister Rauf Aregbesola’

  The Nigerian Naira continued its downward trend, depreciating to N1,610 per dollar in the parallel market, slipping from its previous value of N1,600 per dollar earlier this week. The Naira's decline was also evident in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where it weakened to N1,592.06 per dollar. This represents a significant drop from Monday’s exchange rate of N1,579.22 per dollar, marking a depreciation of N12.84. Data from FMDQ further indicated that the volume of dollars traded in NAFEM decreased by 6.5%, with a turnover of $152.26 million compared to $162.99 million on Monday. As a result, the gap between the parallel market rate and the NAFEM rate has slightly narrowed, now standing at N17.94 per dollar, down from N20.78 per dollar earlier in the week. This continued depreciation underscores the ongoing challenges facing the Nigerian currency amidst fluctuating market conditions.

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